Le sigh, le sigh ...

Sep 18, 2008 13:52

Monsieur Sen. McCain, from those thrilling days of yesteryear, i.e. 1995/1996, while trying to kill the public interest provision of the 1996 Telecommunications Act:

"In the past, we have deregulated the airline industry, the trucking industry, the railroad industry in America, and there is very little doubt in my mind that world events, as well as national events, indicate very clearly and very strongly that the free enterprise system, unfettered by government interference and regulation, not only prospers best but provides the best services for the citizens of any nation, including this one. These regulatory shackles do little to benefit the public."

And that deregulation has worked out so well for the average American consumer, yes? No wonder they decided to do the same with banks. AGAIN.

That article is reprinted from Congressional Quarterly. Congressional Quarterly. We're not talking Daily Kos here, people.

mccain, wanking, deregulation, media

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